What is Data Science?
In recent years, data science has become increasingly prominent in the common consciousness. Since 2010, its popularity as a field has exploded. Between 2010 and 2012, the number of data scientist job postings increased by 15 000%. In terms of education, there are now academic programs that train specialists in data science. You can even complete a PhD degree in this field of study. Dozens of conferences are held annually on the topics of data science, big data and AI. There are several contributing factors to the growing level of interest in this field, namely:
1. The need to analyze a growing volume of data collected by corporations and governments
2. Price reductions in computational hardware
3. Improvements in computational software
4. The emergence of new data science methods.
With the increasing popularity of social networks, online services discovered the unlimited potential for monetization to be unlocked through (a) developing new products and (b) having greater information and data insights than their competitors. Big companies started to form teams of people responsible for analyzing collected data.
- Mykola Lavrskyi
- 2019-04-23
- 6 min
